Go to top
A Merry Regulatory Christmas From RegTechFS & JWG
Archive
16 Dec
2013

A Merry Regulatory Christmas From RegTechFS & JWG

  • 16th December 2013
  • RegTechFS

Dashing through the swap In a delegated trade O’er the deal we go Identifying all the way   Bells on ETD exchanges ring Making dark pools bright What fun it is to long and short With CDOs tonight   Jingle Bells! Jingle Bells! Jingle through the trade Oh what fun it is to know our Read More

19 Nov
2013

The cost of implementing the LEI: CDOs under the gun?

  • 19th November 2013
  • RegTechFS

A big theme present at a big industry data conference earlier this month was how firms were approaching the BCBS’s standards on risk data aggregation as well as the implementation of the regulatory data agenda. With the FSB and the BCBS agreeing that “higher expectations” must be met by G-SIFIs for risk data aggregation and Read More

11 Nov
2013

What LEIs beneath: Will navigating the short term costs of the global identifier reap long term savings?

By Professor Alistair Milne, Loughborough University Anyone involved with the trade repository reporting for OTC derivatives will be aware of the LEI or “legal entity identifier”. Others may have heard about it, but as yet it is unlikely to be impinging on day-to-day responsibilities.  Still it is worth paying some attention to the LEI, because Read More

04 Nov
2013

The regulatory almanac: The top ten regulatory events of 2013

  • 4th November 2013
  • RegTechFS

With no fewer than 70,000 pages of regulation, and some record fines, 2013 will be a year to remember (or possibly to forget) for many financial services professional.  And with only four weeks to go until December, and some well-earned rest, we thought it was time for a little retrospection.  With that in mind, here, Read More

18 Oct
2013

KYC: The logistics of building a reliable shared data utility

A variety of technology providers, consultancies and data providers (more than 10 of them at the last count) have announced (or have been rumoured to have formed) partnerships of some form in order to create new utilities that can share data between banks. With the huge and increasing number of regulatory requirements for customer data, Read More

03 Oct
2013

Regulatory roadblock bypassed: ROC endorses 3 pre-LOUs for mutual acceptance

The Regulatory Oversight Committee (ROC) for the Legal Entity Identifier (LEI) system has endorsed 3 Local Operating Units as being compliant with the ROC’s criteria for mutual acceptance. The 3 pre-LOUs endorsed are Germany’s WM Datenservice, France’s INSEE, and the CFTC’s CICI utility. With 13 pre-LOUs in existence, it’s likely we’ll be seeing this list Read More

27 Sep
2013

2014’s KYC implementation: How long before new data collection becomes unfeasible?

  • 27th September 2013
  • RegTechFS

It’s common knowledge that KYC requirements are becoming a major problem for banks, many of whom have thousands of employees conducting due diligence, document collection or data entry. Unfortunately, the regulatory trend towards more and enhanced customer data has not abated. JWG research has shown that 20+ regulations to be implemented over the next 3 Read More

27 Sep
2013

Interim issues: Pre-LEIs complicating regulatory implementation

Despite ESMA quietly delaying the timeline for Trade Reporting under EMIR to February 2014 (90 days + 5 after the predicted approval of the first Trade Repository in November), firms are now being faced with important decisions in how to implement the LEI. Discussion are required to address what regulations are there that require an Read More